The initial 21-day lockdown was extended by another 19 days, and major relief was expected by May 3. Government has now promised some guidelines to
Category: Economy
Home loan disbursals come to a grinding halt – The Hindu BusinessLine
Lenders hopeful of demand for housing and loans reviving later in the year Home loan disbursements have come to a virtual standstill amid the national
Fitch downgrade viability ratings of SBI, ICICI Bank, Axis Bank and BoB – The Hindu BusinessLine
Fitch Ratings has downgraded by one notch the viability ratings (VRs) of four large banks — State Bank of India (SBI), ICICI Bank, Axis Bank
Say no to banks | Business Standard Editorials
Suspending IBC for an extended period would destroy it Indian banks are reportedly planning to suggest to the government that all the pending cases under
PM Modi finds ways to attract foreign investors to India; suggests ministries to do this – The Financial Express
PM Modi said that the action should be taken for a more proactive approach to handhold the investors. PM Modi discussed strategies to attract more
Crisil expects gross NPAs to rise by 150-200 basis points this fiscal – The Financial Express
Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5%
Cement dispatches likely to dip 10% in FY21: Icra – The Financial Express
At pan-India level, cement prices are higher in the northern, southern and western markets by 20%, 5% and by 8%, respectively, in FY20 while the
Renew the pledge | The Indian Express
More than ever, the rights of workers, vulnerable need to be secured. The COVID-19 pandemic is haunting the world. It has been devastating the lives
The new deal India needs | The Indian Express
There are no labour-day rallies, celebrations or meetings this year as everyone is under lockdown, fighting the coronavirus through physical distancing. Nevertheless, it is a day for
Auto sector may get Rs 1-lakh crore jolt on 45-day shutdown – The Economic Times
About two-thirds of the revenue foregone will be from GST on new vehicles, followed by registration tax and GST on insurance. Zero production also means
startups: Industry body urges government to create Rs 25,000-crore fund for startups – The Economic Times
An existing Rs 10,000 crore fund-of-funds, which is currently being administered by the Small Industries Development Board of India (Sidbi), should be rolled into it
Govt plans to launch initiatives to boost exports from MSME sector: Official – The Economic Times
MSME Secretary Arun Kumar Panda said talks were on with NITI Aayog to rank states on the basis of 4Es including employment generation, enterprise creation,
Bankers want govt guarantee on incremental loans to MSMEs – The Economic Times
Banks are currently offering 10% of outstanding loans to MSMEs as additional working capital at a concessional rate to help them tide over the temporary
Recovery to be slowest in realty, capital goods & infra stocks: Sanjeev Prasad – The Economic Times
In last two months, we have upgraded as many as 38 stocks, says MD, Kotak Institutional Equities. Why are markets going higher? Are we missing
PM Modi: View: Desperate India may now need Modi to do a Roosevelt – The Economic Times
Every nudge by the Reserve Bank of India to make lenders take credit risk has fallen flat. Small Indian companies getting decimated by the world’s
India set to take a Rs 40,000 crore blow on account of oil revenue loss – The Economic Times
Demand in the world’s third-biggest consumer of fuel plummeted this month. Consumption of fuel products probably declined at least 80% in April. India’s 40-day lockdown
National Restaurant Association of India: As restaurants start shuttering, some entrepreneurs are trying to reinvent their business – The Economic Times
RedSeer estimates food delivery will take a year to come back to pre-lockdown levels. RedSeer Consulting estimates food delivery alone will take at least a
Graded opening of economy needed to protect livelihood, says Amitabh Kant – The Economic Times
“Possible Road Ahead: Hyper-localisation in Red areas with ruthless containment; 2.Physical distancing & Masks =New Fashion; 3.Virus can bounce back; 4. Look after 60+with Co-morbidity;
Curbs intact, India could put a lid on new cases by May 21: Economists – The Economic Times
Mumbai School of Economics and Public Policy (MSEPP) paper warns states against allowing large-scale movement of migrant labour. Representative image NEW DELHI: Most states could
Core sector output shrinks 6.5% in March as Covid-19 takes its toll on the economy – The Economic Times
The IIP shrank 6.5% in March compared to 5.8% growth witnessed in the same period last year. Manufacturing, petroleum products, mining operations have been hit
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